SAN FRANCISCO--(BUSINESS WIRE)--Jun. 13, 2017--
Today, Visa (NYSE:V) announced Visa Ready Program for Business
Solutions, a strategic framework to help technology companies that
integrate with Visa’s business-to-business (B2B) payment services and
data solutions ensure that they meet Visa’s standards and are market
ready. Bora Payment Systems, Bottomline Technologies, CSI globalVCard,
MineralTree and Priority Commercial Payments are the first partners to
obtain Visa Ready for Business Solutions approval, and to bring to
market innovative Visa payments to financial institutions’ commercial
customers.

Visa Ready for Business Solutions helps accelerate growth and enable new
use cases in the B2B payments space. The program enables Visa’s
technology partners to quickly integrate and approve an array of Visa
B2B payments solutions, including enhanced data, virtual card
integration, payables automation and payment controls. Upon successful
completion of the approval process, partners may use Visa Ready mark in
connection with the approved solution on their website and marketing
collateral. They are also highlighted in Visa
Ready Solution Directory.

“B2B payments innovation has been fueled by businesses always looking to
simplify complexities and time spent associated with paying and getting
paid, as well as expense reconciliation,” said Vicky Bindra, head,
global products and solutions, Visa Inc. “With the introduction of the
Visa Ready for Business Solutions program, we are coming together with
our technology partners to help quickly and securely bring to life a
variety of use cases to meet unique needs of financial institutions and
their corporate businesses, large and small, and across different
industries.”

Visa Ready for Business Solutions program participants have access to
Visa’s tools and services, including Visa
Developer Platform, to help support development of innovative
commercial payment solutions. Unique Visa Ready use cases include:

“The B2B payments industry landscape is relatively complex, replete with
partnerships between multiple entities. Regardless of size, businesses
do not typically understand how the pieces fit together or the potential
benefits of integrated solutions,” said Steve Murphy, director,
commercial and enterprise payments advisory service, Mercator Advisory
Group. “The Visa Ready Program’s approach seems to be a logical method
to enable transparency and security, while also providing businesses
with the practical benefit of faster value recognition through
streamlined implementation.”

The Visa
Ready Program provides structure and clarity to allow partners to
quickly introduce devices, software, and solutions that can initiate or
accept Visa payments. In addition to Business Solutions, Visa offers
Visa Ready Programs for mobile point-of-sale (mPoS), Internet of Things
(IoT), and cloud-based payments providers. Last week, Visa
also announced more than a dozen new Visa Ready token service
partners to drive acceleration into consumer IoT payments.

About Visa

Visa Inc. (NYSE:V) is a global payments technology company that connects
consumers, businesses, financial institutions, and governments in more
than 200 countries and territories to fast, secure and reliable
electronic payments. We operate one of the world’s most advanced
processing networks — VisaNet — that is capable of handling more than
65,000 transaction messages a second, with fraud protection for
consumers and assured payment for merchants. Visa is not a bank and does
not issue cards, extend credit or set rates and fees for consumers.
Visa’s innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, pay ahead with
prepaid or pay later with credit products. For more information, visit
usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.